Russian company considers buying turbine manufacturer

Rosatom, which will install approximately 1 GW of wind in its homeland, is exploring the possibility of constructing its own turbines and battling with Siemens Gamesa and Vestas on a huge growth market.

Photo: EnergiMidt

Russian nuclear power company Rosatom seems to be intensifying its participation in the wind industry. In the first two tenders in its homeland, the state-owned company won projects for 970 MW and is now directing its gaze towards an acquisition of Indian wind turbine manufacturer Inox via subsidiary Otek. An acquisition which will also bring Rosatom into the large-scale Indian wind market.

This is according to Indian media Livemint, referring to sources with insight into the process.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Further reading

Related articles

Latest News

See all jobs